QuickBooksHelpIntuit
Record paying back an investment
by Intuit• Updated 3 months ago
Learn how to record paying back a capital investment.
After you record an investment, you may need to record paying yourself, partners or co-owners back at a later date. This is called a capital disbursement.
Paying with an actual cheque
If you’re going to send someone a paper cheque, follow these steps:
- Select + New.
- Select Cheque.
- Enter the person or business you’re paying back.
- For the Cheque no. enter a cheque number.
- Enter the following information in the Category Details section.
- First line: The equity account you use to track the investment in QuickBooks, and the amount you're paying back today.
- Second Line: Expense account you use to track the interest you pay, and the amount of interest that is part of your payment today.
- Other lines: Any additional fees and their appropriate accounts.
- Select Save and close.
Paying with a debit or credit card
If you’re paying someone back with a debit or credit card, you can record the repayment as an expense.
Sign in now for personalized help
See articles customized for your product and join our large community of QuickBooks users.
More like this
- Record an owner's contribution or capital investment in your business in QuickBooks Onlineby QuickBooks•4•Updated June 21, 2024
- Do I need to back up my data with QuickBooks Online?by QuickBooks•9•Updated 16 hours ago
- How to record the interest received for bank accountsby QuickBooks•1•Updated 1 year ago
- Add an owner or partner to your books in QuickBooks Onlineby QuickBooks•2•Updated August 26, 2024